Biden Showcases American Railway Investment Project in Africa
During his final day in Angola, President Joe Biden announced an additional $600 million in funding for the broader Lobito Corridor projects.
LUANDA, Angola—President Joe Biden visited the coastal town of Catumbela on Dec. 4 to inspect a port terminal, a crucial site for his infrastructure project to secure U.S. access to Africa’s mineral resources.
While at the Lobito port terminal, Biden reviewed progress on the multi-billion-dollar railway infrastructure project, seen as a key part of his legacy in Africa.
The Lobito Corridor project, which involves upgrading and expanding the existing rail line, started with U.S. funding last year.
Spanning three countries and covering nearly 1,000 miles, the railway project connects Lobito port to the mineral-rich areas of the Democratic Republic of Congo (DRC) and Zambia’s Copperbelt. It is a significant initiative by Biden to counter China’s Belt and Road Initiative (BRI) in Africa.
At a summit with President João Lourenço of Angola and other regional leaders, Biden reiterated his commitment to the project, emphasizing its impact on regional transportation and economic development.
Related Stories
“I really like trains,” Biden mentioned, jokingly referring to his long history of train commuting from Delaware to Washington during his time in the Senate.
Speaking about the project’s impact, Biden highlighted the efficiency gains, noting cargo transport times to the U.S. would significantly decrease. He emphasized the transformative nature of the investment, calling it a “game changer.”
“Let’s continue on this path,” Biden urged, calling for sustained efforts to ensure the project’s success.
Democratic Republic of Congo (DRC) President Felix Tshisekedi shakes hands with U.S. President Joe Biden while attending the Lobito Corridor Trans-Africa Summit at the Carrinho Food Processing Factory near Benguela, Angola, on Dec. 4, 2024. Andrew Caballero-Reynolds / AFP
Biden emphasized that the project isn’t just about mineral access but also about expanding economic opportunities in Africa.
Under Biden’s administration, the U.S. has invested close to $4 billion in the economic corridor, with additional contributions from other entities like the Italian government, the Africa Finance Corporation, and the African Development Bank.
“Together, we’ve mobilized over $6 billion in public and private investments,” Biden mentioned.
During the summit, Biden announced an extra $600 million in financing for broader Lobito Corridor initiatives, focusing on agricultural infrastructure, high-speed mobile networks, and railway improvements.
During his visit, Biden stopped by a food processing plant owned by Carrinho Group, Angola’s top food producer.
The DRC is a significant holder of cobalt and copper, essential minerals used in tech and electric vehicles. Meanwhile, Zambia is known for its copper and cobalt reserves, making it a major producer in Africa.
Angola, a key oil and diamond producer, faces challenges with debt, notably owing $17 billion to China due to the BRI. The country dedicates a substantial portion of its oil production to servicing this debt.
